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AT&S Austria Technologie & Systemtechnik AG
Earnings Release • Feb 1, 2023
736_iss_2023-02-01_eca0a132-d5e1-4bd4-acb4-15373f0b4ff8.pdf
Earnings Release
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EQS-Ad-hoc: AT&S Austria Technologie & Systemtechnik AG / Key word(s): Profit Warning AT&S Austria Technologie & Systemtechnik AG: AT&S revises outlook for the current financial year 2022/23
01-Feb-2023 / 15:56 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
AT&S revises outlook for the current financial year 2022/23
Public disclosure of inside information according to article 17 MAR
Leoben – AT & S Austria Technologie & Systemtechnik Aktiengesellschaft has adjusted its expectations for the current fiscal year 2022/23 due to weak demand, especially in the market for IC substrates.
AT&S expects to generate annual revenues of around € 1.8 billion in financial year 2022/23 (previously: around € 2.1 billion). The EBITDA margin adjusted for start-up costs will be around 25% (previously: 27 to 30%). The level of start-up costs is expected to be reduced to around € 50 million (previously: € 75 million).
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft – Advanced Technologies & Solutions AT&S is a globally leading manufacturer of high-end printed circuit boards and IC substrates. AT&S industrialises leading-edge technologies for its core business segments Mobile Devices & Substrates, Automotive, Industrial and Medical. AT&S has a global presence with production sites in Austria (Leoben, Fehring) and plants in India (Nanjangud), China (Shanghai, Chongqing) and Korea (Ansan near Seoul). A new high-end production site for IC substrates is currently being established in Kulim, Malaysia. The company employs roughly 15,000 people. For further
Press contact:
Gerald Reischl, Vice President Corporate Communications
Tel: +43 3842 200 4252; Mobile: +43 664 8859 2452; [email protected]
Investor Relations contact:
information please visit www.ats.net
Philipp Gebhardt, Senior Director Investor Relations
Tel: +43 3842 200 2274; Mobile: +43 664 7800 2274; [email protected]
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
Fabriksgasse 13 8700 Leoben / Austria www.ats.net
01-Feb-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com
| Language: | English |
|---|---|
| Company: | AT&S Austria Technologie & Systemtechnik AG |
| Fabriksgasse 13 | |
| 8700 Leoben | |
| Austria | |
| Phone: | +43 (1) 3842200-0 |
| E-mail: | [email protected] |
| Internet: | www.ats.net |
| ISIN: | AT0000969985, AT0000A09S02 |
| WKN: | 922230 |
| Indices: | ATX |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange |
(Official Market) EQS News ID: 1549117
End of Announcement EQS News Service